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NEAR Protocol partners with Google Cloud to support Web3 devs

October 5, 2022 Coin Telegraph

Under a partnership with NEAR Protocol, Google Cloud will support NEAR developers in building and scaling their Web3 projects and DApps.

NEAR Foundation has announced a new partnership between Google Cloud and NEAR Protocol, providing infrastructure to NEAR’s Web3 startup platform, Pagoda.

According to an Oct. 4 announcement, this partnership will allow Google Cloud to provide “technical support” to NEAR grant recipients by providing infrastructure for NEAR’s Remote Procedure Call (RPC) node provider to Pagoda.

Near Protocol is a decentralized application (DApp) platform that focuses on usability among developers and users. It uses sharding technology to achieve scalability and, as a competitor to Ethereum, is also smart-contract capable and a proof-of-stake (PoS) blockchain.

Launched in Feb. 2022, Pagoda is a startup platform that provides Web3 developers building on NEAR with a full-stack toolset to build, launch and maintain their Web3 projects or DApps on the blockchain.

In a statement, Google Cloud Director of Digital Assets Carlos Arena said his company's infrastructure will allow NEAR developers a means to “build and scale,” and said the company will continue to support “new products and services on blockchain-based platforms.”

In September, Google Cloud inked a similar partnership with Binance’s smart contract blockchain platform BNB Chain, allowing startups that are building products and services on the BNB Chain blockchain to also be able to build on Google Cloud’s scalable, secure and open source infrastructure.

Google Cloud launched a new digital assets team in January to support the development and evolution of the blockchain ecosystem. The digital asset team is focused on helping Google Cloud’s customers create, trade store value and launch new products on blockchain-based platforms.

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Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks

September 12, 2022 Bitcoin.com

Tether USDT stablecoin goes live on Near Protocol to boost DeFi presence

September 12, 2022 Coin Telegraph

Coin Telegraph

Tether USDT is now live on 11 blockchain networks, including the NEAR Network, Polygon, Kusama, Ethereum, Omni and others.

Major stablecoin issuer Tether Operations Limited continues expanding integrations with diverse blockchain networks, launching the Tether (USDT) stablecoin on the Near Network.

Tether USDT is now live on the Near Network, a smart contract-enabled blockchain platform designed for decentralized applications, Tether officially announced on Monday.

The integration of Tether into the Nea ecosystem is a major milestone in the firm’s commitment to increase its presence in decentralized finance (DeFi) ecosystems, the firm said. “It will alleviate the potential adverse effects associated with market volatility and accelerate scalability for its users,” the announcement added.

The Nea Network is the eleventh blockchain that is currently available for Tether USDT. The stablecoin is now also live on chains like Polygon, Kusama, Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron and Bitcoin Cash’s Standard Ledger Protocol.

Launched in 2014, Tether was originally launched and issued on the Bitcoin (BTC) blockchain via the Omni Layer protocol, a solution used for building and trading digital assets on top of Bitcoin.

The addition of NEAR Network to the Tether’s ecosystem comes amid NEAR hitting a major milestone of 700 projects now building on Near, including the Aurora network and the Octopus Network. As of July, the Near network’s daily volumes averaged between 300,000 to 400,000 transactions.

The NEAR Foundation also announced on Monday the launch of a $100 million venture capital fund and venture lab targeting Web3 development. The Swiss non-profit launched the VC fund in cooperation with Caerus, a newly launched investment firm founded by IMG vice president Nathan Pillai.

“The NEAR ecosystem has witnessed historical growth this year and we believe Tether will be essential in helping it continue to thrive,” Tether chief technical officer Paolo Ardoino said.

NEAR Protocol